Tag: trading Forex
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Get facts right – Accuracy does not exist to a trader but you can attain its equivalent
The Forex market is highly unpredictable to a speculator trader hence we cannot claim to be accurate in our approach to trades. Firstly, we place our trades on findings of our analysis on the past events in the market, an approach referred to as “hind watch bias” and which does not have control on the…
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Major currency pairs are most favorable for trading Forex in market
Major currency pairs are those paired up with the USD, in which case the dollar could be the base or the quote. Here are examples of the common seven major currency pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF and USDJPY. These major currency pairs account for the biggest share of transactions on the Forex market…